Lease or Buy
I was thinking the other day about the pit falls of leasing. Many TV ads and newspaper ads tout low payments yet skim by the "small print" so fast you can't even read it. Only to find out too late that your lease only allows for 8,000 to 10,000 miles per year, or you need $3500.00 due at signing, making that monthly payment much more than you anticipated when you add it all up. Oh how those over mile fees can kill you some are even more than 25 cents per mile, so those overages can cost much more than it would have if you had just bought the vehicle instead of leasing. The other thing is that you own nothing when the lease is over you used and paid for that much use of the car now you have to come up with down payment again where owning the car gives you some equity. More thoughts on this another time.